of the intent expressed by Lessee in the Preliminary Notice, Lessee shall provide Lessor with binding, final written notice of Lessee’s intent to exercise the Option (the “**Option
Notice**”) on January 3, 2011 (the “**Exercise Date**”); the Option Notice may not be delivered by Lessee prior to the Exercise Date and shall not be deemed to be binding or effective prior to the Exercise Date. If
Lessee fails to provide the Option Notice on the Exercise Date, then the Option shall be void. If Lessee elects to exercise the Option, then: 


**(i)** Lessee’s acquisition of the Aircraft shall occur on Monday, May 16, 2011, or such other date that is mutually
agreeable to the parties (the “**Closing Date**”). On or before the Closing Date, Lessee shall, at its sole expense, position the Aircraft in Portland, Oregon or other mutually agreeable location in the continental United States
(“**Closing Location**”). 

 **(ii)** Prior to the Closing Date, Lessor shall position an original executed FAA
Lease Termination for the Agreement, an FAA Bill of Sale, and any and all other documents necessary to convey good and marketable title to the Aircraft free and clear of all liens and encumbrances to Lessee (except for the Warranty Bill of Sale
referred to below) with the law firm of Daugherty, Fowler, Peregrin, Haught & Jenson in Oklahoma City, Oklahoma (“**Escrow Agent**”). Prior to the Closing Date, Lessee shall position an original executed FAA Lease Termination
for the Agreement and FAA Registration Application with Escrow Agent.